Asia-Pacific: Gravimetric Filling Machine Market 2024

Gravimetric Filling Machine Market Size in Asia-Pacific

The Asia-Pacific gravimetric filling machine market soared to $X in 2022, growing by 36% against the previous year. Over the period under review, consumption posted a resilient increase. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Gravimetric Filling Machine Production in Asia-Pacific

In value terms, gravimetric filling machine production skyrocketed to $X in 2022 estimated in export price. In general, production showed a strong expansion. The growth pace was the most rapid in 2020 with an increase of 240%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Gravimetric Filling Machine Exports

Exports in Asia-Pacific

In 2022, gravimetric filling machine exports in Asia-Pacific soared to X units, growing by 16% on the previous year. Overall, exports saw a buoyant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 116%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, gravimetric filling machine exports fell slightly to $X in 2022. The total export value increased at an average annual rate of +3.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 when exports increased by 19%. The level of export peaked at $X in 2021, and then contracted slightly in the following year.

Exports by Country

China prevails in exports structure, reaching X units, which was approx. 88% of total exports in 2022. It was distantly followed by Singapore (X units), generating a 6.4% share of total exports. The following exporters - Japan (X units) and India (X units) - together made up 4.6% of total exports.

China was also the fastest-growing in terms of the automatic gravimetric filling machines exports, with a CAGR of +11.3% from 2012 to 2022. At the same time, India (+6.9%) displayed positive paces of growth. Japan experienced a relatively flat trend pattern. By contrast, Singapore (-3.4%) illustrated a downward trend over the same period. China (+20 p.p.) significantly strengthened its position in terms of the total exports, while Japan and Singapore saw its share reduced by -3.3% and -14.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X), China ($X) and Singapore ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising 93% of total exports.

Among the main exporting countries, Singapore, with a CAGR of +7.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, dropping by -16.1% against the previous year. Overall, the export price recorded a perceptible downturn. The most prominent rate of growth was recorded in 2016 when the export price increased by 30% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+11.7%), while the other leaders experienced mixed trends in the export price figures.

Gravimetric Filling Machine Imports

Imports in Asia-Pacific

In 2022, approx. X units of automatic gravimetric filling machines were imported in Asia-Pacific; dropping by -20.1% on the year before. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2015 with an increase of 133%. The volume of import peaked at X units in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, gravimetric filling machine imports fell to $X in 2022. Total imports indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +9.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 30%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia represented the largest importing country with an import of around X units, which finished at 36% of total imports. Singapore (X units) ranks second in terms of the total imports with an 18% share, followed by Thailand (11%), Myanmar (7.9%) and the Philippines (6.5%). The following importers - China (X units), Pakistan (X units), Hong Kong SAR (X units) and India (X units) - together made up 13% of total imports.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +56.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported automatic gravimetric filling machines in Asia-Pacific, comprising 25% of total imports. The second position in the ranking was held by India ($X), with a 9.9% share of total imports. It was followed by Thailand, with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: India (+4.3% per year) and Thailand (-3.8% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2022, surging by 8% against the previous year. Overall, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the import price increased by 194%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+12.8%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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